Law Offices of Clive Rivers



Attorney at Law 8000 Nisky Shopping Center, Suite 233 Tel: 340.776.4666

Notary Public St. Thomas, VI 00802-5858 Fax: 340.776.4525

Email: ccrivers64@gmail.com



October 29, 2025



The Honorable Milton Potter



President of the 36th Legislature of the Virgin Islands

and Members of the Body



Capitol Building



Charlotte Amalie



St. Thomas, VI 00802



Dear Honorable Senators of the Thirty-Sixth Legislature of the United States Virgin

Islands,



My name is Clive Rivers, and accompanying me is Mr. Torian Priestly, Chief Development

Officer of The Benoit Group, LLC.



Before proceeding with our presentation, we would like to extend our sincerest gratitude to

this esteemed body for allowing us the opportunity to appear before you today.



This initiative began approximately three years ago, and we are grateful to have reached this

stage in the process. Our ultimate goal is to increase the availability of affordable rental

housing units on St. Thomas.



The process has required:



e Careful site selection



¢ Identification of funding sources



e Development of a comprehensive plan



e Securing a lease term sufficient to support financing



e FAA approval, and



e Rezoning from P—Public to R-3 Residential classification



The proposed project envisions the construction and management of approximately 126

low- and moderate-income rental units on Parcel Estate Lindbergh Bay, Nos. 68A and

4A, Southside Quarter, St. Thomas, Virgin Islands—commonly known as the former

Thatch Farm property.



This represents a total investment of $66 million.

We anticipate minimal impact on the existing infrastructure of the area. In fact, the

development is expected to stimulate immediate economic growth, generating

employment, sales, and service opportunities in the short term, and creating a long-term

economic shift that benefits the broader community.



We respectfully request your approval of the rezoning application to allow this much-

needed housing initiative to proceed. Our team stands ready to answer any questions the

Legislature may have.



With sincere appreciation,



Very kindly,



Clive Rivers